USC acquires over 53% of Far Eastern Plant “Zvezda”

United Shipbuilding Corporation (USC OJSC) has acquired 53.5122% of voting shares of Far Eastern Plant “Zvezda”, USC says. 

The share of USC in the authorized capital of the shipyard totals 53.5122%. The Corporation owned no shares of the shipyard before.

United Shipbuilding Corporation (USC OJSC) is the largest shipbuilding company in Russia. It was set up in 2007 with 100% federal ownership. The holding comprises 60 companies and organizations (major shipbuilding and shiprepairing companies as well as leading design bureaus). Currently, USC consolidates about 80% of the domestic shipbuilding complex. The Russian market is the main focus of the state corporation though it also exports its products to 20 countries worldwide. In 2014, net profit of USC totaled RUB 510.42 mln.

Far Eastern Plant “Zvezda” (a company of the Far Eastern Shipbuilding and Ship Repair Center, or FESRC) is a leading shipyard providing services for repairs of submarines of the Russia’s Pacific Fleet and the only company in the Far East specializing in repairs, conversion and modernization of nuclear-powered ballistic missile submarines.